December 17, 2018
Contact:
Marjory Walker
or
T. Cotton Nelson
(901) 274-9030
The National Cotton Council (NCC) conveyed its thanks to President Trump and Agriculture Secretary Sonny Perdue for authorizing the second round of trade mitigation payments aimed at assisting farmers suffering from damage due to unjustified trade retaliation by foreign nations.
USDA announced today that producers of certain commodities, including cotton, now will be eligible to receive Market Facilitation Program (MFP) payments for the second half of their 2018 production. As in the first round, the MFP will provide $0.06/lb. on the remaining half of a producer’s 2018 cotton production (upland and ELS).
Once harvest is complete, producers must certify their production to the local USDA Farm Service Agency office before payments will be made. The signup must be completed by January 15, 2019, with certification due by May 1, 2019. Information and instructions are at www.farmers.gov/mfp. The MFP payments are subject to the existing $900,000 adjusted gross income means test and a separate $125,000 per person payment limit for the eligible crops.
NCC Chairman Ron Craft, a Plains, Texas, ginner, said, “The National Cotton Council is very appreciative of Secretary Perdue and his team at USDA. This tariff mitigation program will help address a portion of the losses cotton producers are facing in the marketplace.”
Related News
Statement Regarding Seed Coat Fragments in Cotton Produced in the Southeast Agriculture Secretary Sonny Perdue has directed the USDA's Agricultural Marketing Service to collaborate with the Georgia Department of Agriculture to raise awareness and further examine the significant increase in seed coat fragments in cotton produced in the southeast region. NCC: Stimulus Measure Critically Needed Now The U.S. cotton industry commends Congress and the Administration for reaching agreement today on a broad-based economic relief/stimulus package for individuals and businesses, including the agriculture sector. USMCA Offers Stability in Key Markets The NCC applauded President Trump’s signing on January 29 of the Congressionally-approved U.S.-Mexico-Canada Agreement (USMCA).
News Release Archives |